5 Best Stocks to Buy for Good Returns

In this piece, we will take a look at the five best stocks to buy for good returns. For more stocks, head on over to 10 Best Stocks to Buy for Good Returns.

5. American Express Company (NYSE:AXP)

Berkshire Hathaway’s Q4 2022 Stake Value: $22 billion

All Time Share Price Gain as Of February 17, 2023: 3,453%

Number of Hedge Fund Holders in Q3 2022: 68

American Express Company (NYSE:AXP) is a financial and travel services company headquartered in New York, New York. The firm provides credit cards, working capital management, and other products and services.

Berkshire Hathaway’s latest stake in American Express Company (NYSE:AXP) is worth $22 billion and it comes via 151 million shares. Since being listed on the stock market in 1983, the firm’s shares have appreciated by a whopping 3,453%. Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 68 had bought American Express Company (NYSE:AXP)’s shares.

After Mr. Buffett, American Express Company (NYSE:AXP)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 14.5 million shares that are worth $2.1 billion.

4. The Coca-Cola Company (NYSE:KO)

Berkshire Hathaway’s Q4 2022 Stake Value: $25 billion

All Time Share Price Gain as Of February 17, 2023: 5,680%

Number of Hedge Fund Holders in Q3 2022: 59

The Coca-Cola Company (NYSE:KO) is a beverage company that is one of the world’s most iconic firms. It sells carbonated drinks, juices, and other products.

The Coca-Cola Company (NYSE:KO) is also one of Warren Buffett’s oldest investments, as he first invested in the company in 1988. As of December 2022, he had owned a $25 billion stake in the firm that came through 400 million shares. Insider Monkey’s Q3 2022 survey of 920 hedge funds revealed that 59 had also invested in The Coca-Cola Company (NYSE:KO).

The Coca-Cola Company (NYSE:KO)’s second largest investor is Ray Dalio’s Bridgewater Associates which owns 8.4 million shares that are worth $535 million.

3. Chevron Corporation (NYSE:CVX)

Berkshire Hathaway’s Q4 2022 Stake Value: $29 billion

All Time Share Price Gain as Of February 17, 2023: 1,672%

Number of Hedge Fund Holders in Q3 2022: 66

Chevron Corporation (NYSE:CVX) is a diversified oil and gas company that is based in San Ramon, California. The firm explores, produces, refines, and sells oil and gas products.

Chevron Corporation (NYSE:CVX) is taking advantage of the booming natural gas market as it has partnered up with another firm to develop a massive 26,000 acre gas site in the U.S. Berkshire Hathaway owned a $29 billion stake in the firm in Q4 2022, and in the previous quarter, 66 of the 920 hedge funds part of Insider Monkey’s research had also invested in the oil company.

After Mr. Buffett, Chevron Corporation (NYSE:CVX)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 6.8 million shares that are worth $1.2 billion.

2. Bank of America Corporation (NYSE:BAC)

Berkshire Hathaway’s Q4 2022 Stake Value: $33 billion

All Time Share Price Gain as Of February 17, 2023: 1,185%

Number of Hedge Fund Holders in Q3 2022: 97

Bank of America Corporation (NYSE:BAC) is an American bank that is also one of the largest of its kind in the world in terms of total assets. It is based in Charlotte, North Carolina.

Warren Buffett’s Berkshire Hathaway owns one billion Bank of America Corporation (NYSE:BAC) shares that are worth $33 billion, as of December 2022. 97 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had bought the company’s shares.

Bank of America Corporation (NYSE:BAC)’s second largest investor is Natixis Global Asset Management’s Harris Associates which owns 41 million shares that are worth $1.3 billion.

1. Apple Inc. (NASDAQ:AAPL)

Berkshire Hathaway’s Q4 2022 Stake Value: $116 billion

All Time Share Price Gain as Of February 17, 2023: 72,542%

Number of Hedge Fund Holders in Q3 2022: 140

Apple Inc. (NASDAQ:AAPL) is the world’s biggest consumer electronics firm. It sells smartphones, notebooks, and other gadgets. The firm is based in Cupertino, California.

Warren Buffett’s Apple Inc. (NASDAQ:AAPL) investment makes up 39% of Berkshire Hathaway’s entire portfolio and is higher than all other companies in this portion of our list. The oracle holds a $113 billion stake in the firm, courtesy of 895 million shares. In the third quarter of last year, 140 of the 920 hedge funds tracked by Insider Monkey had bought Apple Inc. (NASDAQ:AAPL)’s shares.

After Mr. Buffet, Ken Fisher’s Fisher Asset Management is Apple Inc. (NASDAQ:AAPL)’s largest investor via a $7.7 billion stake that comes through 59 million shares.

Disclosure: None. You can also take a peek at 15 Biggest Insurance Companies in the World and 10 Most Advanced Countries in Nuclear Fusion.

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